英语翻译
求高手翻译,是个工程项目的付款方式,我看的很吃力,不一定要全部翻译,只要把付款方式讲清楚就可以
42
General
Payment for the foreign currency portion of the Contract shall be made by
establishing an irrevocable Letter of Credit between any bank authorized by
Government of Nepal (GoN) and a bank in the Contractor’s country nominated by the
Contractor.All the fees and charges required for opening of Letter of Credit will be
borne by the Employer.However,the fees and charges imposed by the Beneficiary's
bank (including all charges outside Nepal) shall be borne by the Contractor.
Payments for insurance,clearing,forwarding and transportation up to site,locally
manufactured equipment and construction and installations shall be made only in
local currency,i.e.in Nepali Rupees.
Advance Payment
Ten percent (10%) of the total Contract amount (proportionate to the quoted
currencies) shall be paid as an advance payment (in quoted currencies) against
receipt of invoice and an irrevocable advance payment security for the equivalent
amount made out in favor of the Employer.The Employer's Representative shall issue
an Interim Payment Certificate for the first installment after (i) execution of the Form
of Agreement by the parties hereto (ii) provision by the Contract of the Performance
Security and (iii) provision by the Contractor of an unconditional bank guarantee in a
form and by a bank acceptable to the Employer in amounts and currencies equal to the
advance payment.
Such Interim Payment Certificate shall be for an amount of ten (10)% of the Contract
Price for both Plant and Materials Supply and Construction & Installation works in
the currency or currencies as stated in the price schedules.The advance payment
guarantee shall certify that such payment shall unconditionally be refunded upon
receipt of an advice from the Employer's Representative.Advance payment security
shall be in the sample form specified in the Contract.The advance payment security
shall be valid up to the validity of the Contract Period or any extension thereof.
Such advance payment shall be deducted at an amount of ten (10) % from each
progress payment as an advance recovery deduction till the full advance payment is
repaid.